A UNIT in Melbourne Residences is a multi-purpose investment, which other developments can hardly offer.
THE GOOD thing about the boom that has struck the Philippine real estate sector as of late is that it provides homebuyers with many and varied choices to suit their wants, needs and budget.
One such option, according to Emilio L. Perez Jr., president and chair of Anthilla Development Corp., is buying a unit in a “condotel.”
In an interview with Inquirer, Perez explained that a condotel operates in such a way that the buyer has two options upon turnover of the unit: either he or she becomes an end-user, meaning use the unit as a home, or enroll the unit under the hotel program.
“A condotel unit owner has the chance to earn if he enrolls the unit under the hotel program. Or, he can also choose to be a mere end-user of the unit. A standard hotel operation does not have this kind of arrangement for their occupants,” Perez added.
Anthilla Development currently offers such options through its Melbourne Residences, a mid-rise boutique condotel located on Sen. Gil Puyat Avenue. An eco-friendly building, the Melbourne Residences is comprised of nine floors and 96 units and hosts features and amenities of both residential (condominiums) and hotel buildings.
Melbourne Residences is also near the Makati Cental Business District and nearby cities like Manila, Pasay, Mandaluyong and Fort Bonifacio. Major business and recreation centers, educational and medical institutions and industrial and historical landmarks found in key cities of Metro Manila are only few minutes away via all modes of transportation.
Investment opportunities
INVESTORS can choose from studio, one-bedroom, two-bedroom, loft or one-bedroom loft units at Melbourne Residences.
“Melbourne Residences is your choice because it offers lots of options in terms of investment opportunities. People who would like to invest in the Philippines either for residential or business purposes including OFWs, retirees, expats and those from the Class B market segment (can do so through our condotel),” Perez explained.
“Purchasing a unit in Melbourne Residences is a multi-purpose investment which other developments can hardly offer. We offer full ownership of the unit to our unit owners plus a chance to be a part-owner of the hotel once they have decided to join in the Rental Pool program,” he further said.
To those still wary of including condotel in its list of options, Perez pointed out that condotel living offers convenience and comfort to unit owners.
“Since this is hotel-operated, once unit is enrolled under the Condotel Program, we have a hotel operator to do everything for the unit owners: from hotel operation, unit maintenance and housekeeping to outsourcing of clients to rent in condotel units in daily, weekly and monthly basis,” Perez said.
“Aside from full ownership, unit owners have the chance to earn rental income once the unit is joined in the rental pool without taking their right to stay in their units when they need them through regular process and standard booking procedures of the hotel operator,” he added.
HOTEL-LIKE living awaits every potential homebuyer.
The Melbourne Residences is targeted for completion by December 2013. Potential buyers have the option to choose from a studio, one-bedroom, two-bedroom, loft or one-bedroom loft units. A 30-percent downpayment is payable in 24 months while the remaining 70 percent is due upon the turnover of the unit.
4 open courtyards
Similar to ongoing real estate developments, the Melbourne Residences features four open courtyards that allow air to flow freely within the whole structure. It also boasts state-of-the-art security with an exclusive access key card per floor to limit and control access of nonresidents within the building.
Melbourne Residences also has landscaped garden and other amenities at the roof top to provide unit owners a space for relaxation and playtime. Podium parkings will be located at the second and third floors while the ground floor will house commercial spaces.
“Melbourne Residences is truly a low-density yet a self-contained community,” Perez concluded.